Forget U.S. IPOs, Go Global With This IPO ETF
Zacks Investment Research | Apr 28, 2015 12:34AM ET
For last two years, the U.S. IPO market went through the roof thanks to an improving economy, a rock-bottom interest rate environment and an even more impressive performance by the U.S. stock indices. While many hoped for the continuation of the stock market surge in 2015 as well, in reality volatility took center stage.
Rising rate worries, a strong greenback a nd later a moderation in U.S. growth raised certain concerns over domestic investing. This might have taken a toll on IPO activity too. The data of Renaissance Capital also bears evidence to this fact.
Per Renaissance, after a massive run last year, the IPO market cooled down considerably in the first quarter of 2015. In the quarter, 34 IPOs raised $5.4 billion, making Q1 of 2015 the most inactive by IPO tally since 1Q 2013. Also, proceeds from IPO was the least since 3Q 2011.
Only, the health care sector managed to tread water in the overall gloomy U.S. IPO market, though it was also not error-free. In Q1 of 2015,’ Original post
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